Kaffe Bueno, a Danish biosciences company, has secured €6.2m in series A funding, led by Borregaard.
Kaffe Bueno is best known for upcycling coffee by-products for the personal care industry.
Its ingredient line-up includes Kaffoil, for use in skin and hair care; anti-ageing active ingredient Kaffage; and hair and scalp ingredient Kaffair.
Norwegian sustainable biorefinery firm Borregaard was joined by investors the European Innovation Council Fund (EIC Fund), Dalgaard Group, EIFO, PINC and The Yield Lab in backing Kaffe Bueno.
“Kaffe Bueno’s approach to upcycling of coffee by-products into high-value products for global niche markets aligns well with Borregaard’s business model,” said Per A Sørlie, President and CEO of Borregaard.
“We are impressed by what they have achieved so far and look forward to being part of their ongoing journey.
“We realise that it will take time to scale up and fine tune production and to establish a global business, but we see this as an interesting opportunity with potential synergies between the two companies in several functions.”
Kaffe Bueno’s CEO, Juan Pablo Medina, added: “It is amazing to receive the support of such a strong partner and leader in the refining of biomass.
“This investment is a clear testament of support for our efficient biorefinery technology and all the different novel applications/products we have developed from coffee side streams.
“With Borregaard’s expertise in biorefinery operations and access to key markets and customers, our path to a commercial size biorefinery is clearer than ever.”
Founded by three Colombian entrepreneurs in 2016, Kaffe Bueno’s customers include Nivea and The Body Shop.
In October, the brand announced it was opening the world's first coffee biorefinery in Rødovre, Denmark.
